Friday morning car news roundup, May 9, 2014

Marchionne Not Surprised by Drop in Fiat Stock – thedetroitbureau.com: After the day-long session during which Sergio Marchionne and other FCA executives reveal the newly merged automaker’s latest five-year plan, many observers wondered if the ambitious blueprint could be followed. Investors expressed their doubts as the stock price dropped about 9%.

US: Marchionne and FCA to have London HQ – Just-auto: The new company formed by the merger of Fiat and Chrysler, Fiat Chrysler Automobiles NV, is to be based in London according to reported remarks made by Fiat and Chrysler CEO Sergio Marchionne at a press conference in Auburn Hills.

New Rolls-Royce Wraith Convertible spotted – Autocar: Open-top Rolls-Royce Wraith in development ahead of a likely debut at next year’s Geneva motor show; expected to launch later in 2015An open-top version of the Rolls-Royce Wraith coupé has been spied testing for the first time ahead of its likely launch at the Geneva motor show next March.